Apple, the “leader” of the New York Stock Exchange in the U.S., held is having a long year this year. One of the reasons for this is that the fear of the Russian-Ukrainian war has eased somewhat. For this reason, the NASDAQ index, which focuses on tech stocks including Apple, also soared
In particular, investors on this long year seem to be flocking to “big tech,” which is stable like Apple, rather than high-growth tech stocks that have yet to make a surplus, at a time when war uncertainties remain and inflation and interest rates of the U.S. Federal Reserve (Fed) continue to rise. Facebook parent companies Meta (2.8 percent), Microsoft (1.5 percent) and Netflix (3.5 percent) also posted relatively large gains on the same day.
Automobile and travel stocks also rebounded sharply on the back of calm international oil prices. In the wake of expectations of a ceasefire and China’s measures to block COVID-19, West Texas crude oil (WTI) for delivery in May fell 1.6 percent (1.72 dollars) to $104.24.
Investors were also paying keen attention to reports by Bloomberg News that the two-year U.S. government bond rate reversed the 10-year U.S. government bond rate, but CNBC said the yield curve (a graph representing short-term to long-term government bond yields) has only flattened. The reversal of short- and long-term government bond rates is usually accepted as a precursor to an economic recession, but the broadcaster pointed out that it took more than a year for the actual economic recession to occur after the reversal
